Just starting to look into some of my favorite Alts after that 0x run. Lumens will be first on that list ;-)
Background : Please refer to the upper arrow, signaling a good break of the 618 for buyers. Since that time, as expected, we are experience wave-like volatility as the market struggles to make a definitive decision. Do not be mistaken, lower targets exist...
After being rejected from 200 EMA and now currently Testing trendline that already been established since October 2017.
it's a crucial support in order to maintain the price level above 2200 satoshi if it broke.. expect a major downfall since there's few support in play from the past time...
if we look closely we also inside the Ascending triangle, if the recent...
Gunbot Backtesting Gain-Gain 15 min strategy on BTC STR Poloniex
What's This Chart About ?
This is a Backtesting result for the Gunbot Gain-Gain Strategy (plus additional custom confirming indicators)
Coin-pair : BTC-STR
Exchange : Poloniex
Gunbot Strategy : Gain-Gain
Estimated Profitability (Buy+Sell) : ~ 26...
Stellar Lumens, #XLM aka #STR, appears to be catching a bid here and breaking out of this extremely low volume sell off over the past 5 months, with today's and yesterday's session showing > 5x average daily volume.
Still early, but resistance is the 200 day at 3200 sats.
Stellar Lumens / XLM looks bullish on the weekly time frame.
MACD bullish cross over imminent, showing momentum on the histogram.
RSI: hitting 50 again, as in Oct 2017.
We have to clear the yellow resistance level to confirm bullishness, imo.
And: Big news still imminent from IBM in the next 2-3 weeks (IBM world wire launch)
Cross fingers, stay safe...
Long term consolidation from 2018 broke down into medium term bearish trend testing fibbonacci retracement levels and forming some short term triangle consolidations on the way down. Current triangle has until the end of march until it completes, likely sideways for a week or two until breakout.
Bitcoin has been stable after the big drop from 6000s. with most of alts looking like crap, it seems like stellar might finally be hitting a very import trend line of a parallel channel i have drawn. in previous cycle stellar led the way into the Dec-Jan rally. maybe we see stellar reversing here soon. maybe a good long entry here?
Now we will see following moves.
1.We will Touch 2900 and retrace to the 2300 to confirm this level as a major support.
2.Trend change. We will touch 3300 and retrace to the 2900 to consolidate for a while.
3. We will go all way trough the several resistance levels (3800/4600)
4. The reaction after triggering 4600 will show us our next target. (More likely our...